Effective Technologies has created an industry trading platform commissioned by Industrial Market

2023: Creating an Industry Marketplace

Effective Technologies on March 21, 2023 announced the implementation of a project commissioned by Industrial Market to create an electronic trading platform for organizing and conducting sales procedures in the field of metallurgy.

ETP

The created industry trading platform is designed to organize competitive procedures in the field of metallurgy and metallurgical raw materials. This solution allows you to take into account the specifics of a specific type of business and implements special Customer's needs that cannot be taken into account when working with cross-industry ETPs.

ETP

Tasks to be solved

Often, intersectoral federal ETPs do not have functionality that could take into account the specifics of industry procurement. The solution of such problems became possible due to the development of an industry electronic trading platform that could take into account the individual features of electronic procurement in the field of metallurgy and metalworking.

The Effective Technologies team was tasked with developing a specialized industry electronic trading platform for the Industrial Market metallurgical sector.

Important criteria that the decision was supposed to meet:

• tight dates for putting the system into operation,
• flexibility of the solution,
• possibility of expansion of ETP functionality during tracking.

Solution based on ETP

As the basis for ETP, a ready-made solution was chosen to automate the trade and procurement procedures of commercial companies - Eftech.ProQ, which made it possible to fulfill all the above criteria.

Its own electronic trading platform, developed on the basis of Eftech.ProQ, made it possible to add the functionality necessary for the customer.

When concluding an agreement with a counterparty, it is possible to find out its reliability rating. ETP receives information from the Rusmet industry rating system, which contains information about suppliers and the history of working with them during the execution of contracts.

The possibility of consulting on volumes, types, seasonal factors in metallurgy has been introduced; assessment of structures and structures made of metal by an independent expert provided by ETP. The expert validates the procedures published on the site, assist in filling in the procedure data and ensure the quality of the procedure participants. In addition, the expert gives an independent assessment of the cost of the object, which excludes the possibility of disputes and its inconsistency. 

Technologies

The following technologies were also used to create ETPs: SPA Angular 12, Node.js 12, Golang 1.14-1.16, MongoDB 4.4, RabbitMQ, Redis, GraphQL, PrimeNG, Angular Material, Kubernetes 1.20, C. GitLab

Project Timeline

• Engineering - 25 working days;
• Configuration of functional modules - 70 working days;
• Implementation - 5 working days;

Maintenance of the created system is provided.

Results

The Industrial Market electronic trading platform was put into commercial operation in November 2022.

The choice of Eftech.ProQ as a platform for creating an interregional ETP made it possible to optimize the timing of the development and implementation of the platform.

As of March 2023, one trading procedure operates on the site - an auction for an increase. In 2022, 5 public and 5 closed procedures were carried out at the ETP. In 2023, it is planned to increase their number.

The next stage in the development of the site will be the integration of the system with the internal system of one of the customers who conducted pilot procedures at the site.